Gide has advised Total on acquiring a 20% stake in Eolmed, a floating windfarm pilot project located in the Mediterranean Sea off the coast of Gruissan, France.
Attributed in July 2016, this 30 megawatts (MW) project will accelerate the development of a floating wind technology. Together with Qair, the historical developer and majority shareholder of the project, and its local partners, Total brings its experience in the design, deployment and operation of offshore installations throughout their life cycle.
Total is thus continuing to reinforce its position in the emerging sector of floating offshore wind, in which it wants to be one of the world leaders. Today, the Group is present in South Korea with a portfolio representing a potential cumulative power in excess of 2 gigawatts and in the United Kingdom with a portfolio of 100 MW.
The Total Renewables legal team comprised Florence Perrot and Edouard Bokobza.
The Gide team advising Total Renewables comprised partner Alexis Pailleret, working with associates Sophie Gilbert and Chloé Bouhours on corporate/M&A aspects; partner Marie Bouvet-Guiramand and associate Célia Alao on project aspects; and associates Emma George and Alice Bouillié on energy and environment law.